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Schroders’ head of legal for corporate services Sandie Okoro was the driving force behind the creation of the fund manager’s first ever legal panel last April.
The launch of the panel followed an extensive review of Schroders’ external lawyers, which resulted in the fund manager sidelining more than 100 advisers to create a roster of 11 firms. This comprises Allen & Overy, Berwin Leighton Paisner (BLP), Hong Kong-based Deacons, Luxembourg-based Elvingers, Eversheds, Linklaters, Boston-based Ropes & Gray, Shaw Pittman, Simmons & Simmons, SJ Berwin, and Slaughter and May.
Thanks to Okoro’s commitment and energy during the review, Schroders has gained a number of additional services free of charge. The biggest coup was landing free secondees from three of the fund manager’s relationship firms – BLP, Eversheds and Slaughters.
In addition to managing Schroders’ relationship with external lawyers, Okoro also led the negotiations relating to a service level agreement with JPMorgan. The hugely complex document is key to Schroders’ decision to outsource its global custody and custody administration to JPMorgan.